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Apr 22, 2013
04/13
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economy. will will the u.s. economy move forward on a sustained basis the next three or four years and the stock market will follow. and if you believe that, then, you know, allocating a higher percentage of assets through equities makes sense. >> you know, becky, i think put on my former p.m. hat, pre-cnbc when i was running money, you have key indicators, lagging indicators and the lagging indicators. what i hear and what i see here is very simple, the idea of a bond bubble, and i felt this way for some time, it's not going to happen. asset allocation in a lot of our clients as a result of 2000 is not going to change. despite what interest rates may be telling you about negative real returns there's going to be a specific allocation to fixed income and it's going to remain because of the need for safety. >> if the fed was not buying treasuries. >> manipulating the bond market. >> fair enough. i should have said that. >> i said it in the 6:00 hour and you told me i was crazy. >> manipulation is a strong word wi
economy. will will the u.s. economy move forward on a sustained basis the next three or four years and the stock market will follow. and if you believe that, then, you know, allocating a higher percentage of assets through equities makes sense. >> you know, becky, i think put on my former p.m. hat, pre-cnbc when i was running money, you have key indicators, lagging indicators and the lagging indicators. what i hear and what i see here is very simple, the idea of a bond bubble, and i felt...
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Apr 22, 2013
04/13
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i think as those auto numbers deteriorate, it's just going to exaggerate all the other weaker economies. and when you get the imf admitting that austerity isn't the way, and i don't disagree. if you didn't do reforms and you didn't do pro growth, all three ingredients needed to make a growth economic cake, i shudder to think what happens next. many suspect moody's may downgrade spain. >> with all of that said, stephen, how do you want to allocate capital right here? >> i think you need to look into equities. it's very interesting. look at the 1,000 and 2,000, large and small cap space, but also defensive versus dynamic, the rally we've seen has been very strong. it's had this very defensive tam boar tambor. it's like this sub tub city -- city constitution effect. global economics, look at the u.s. first. name by name basis. emerging markets. i would think global bonds. longer term investors, commodities from a valuations perspective look attractive. >> commodities? gold? >> not necessarily gold. >> oil? >> dr. copper. the valuations are beginning to pull in a little bit if you've got th
i think as those auto numbers deteriorate, it's just going to exaggerate all the other weaker economies. and when you get the imf admitting that austerity isn't the way, and i don't disagree. if you didn't do reforms and you didn't do pro growth, all three ingredients needed to make a growth economic cake, i shudder to think what happens next. many suspect moody's may downgrade spain. >> with all of that said, stephen, how do you want to allocate capital right here? >> i think you...
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Apr 22, 2013
04/13
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i know the world economy is slower than usual. therefore, i know nominal gdp and sales revenues will be slower, but if profits are rising, that gives value to these companies. why do people not focus more on earnings and focus more on revenues so much? >> earnings are what matters the most. it's difficult to get earnings to rise at this point in the cycle, cost-cutting has gone rampantly through corporate america. you got to get a little revenue growth to do get i'm afraid with a weak picture, it's hard to generate earnings growth. we have seen that now for the last several kwafrters, the expectations for q3 and q4. >> if we get 5% earnings, i would take get if we get revenue growth at 4 or 5%, i get get productivity, you know, cost-cutting, specialty sales, business is very durable, pristine balance sheets. it's just hard for me right now, given interest rates and money supply and a whole lot of factors, particularly the baggage of japan to get two bears. i'd like to get your correction. i think mark simone is right, i give you t
i know the world economy is slower than usual. therefore, i know nominal gdp and sales revenues will be slower, but if profits are rising, that gives value to these companies. why do people not focus more on earnings and focus more on revenues so much? >> earnings are what matters the most. it's difficult to get earnings to rise at this point in the cycle, cost-cutting has gone rampantly through corporate america. you got to get a little revenue growth to do get i'm afraid with a weak...
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Apr 24, 2013
04/13
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if you're expecting no recession, a broad economy that is improving slowly but surely, a global economy that you're expecting to see real growth pick up, i've got here, you're expecting global growth from 3% in 2012 to 3.2% in 2013, and then accelerate to 4.1% in 2014. if that's the case, when would the fed start pulling it in? >> well, the thing to keep in mind, maria, is that there's enormous disparity in that forecast. so, for example, we do believe that the chinese economy will see some reacceleration during this period of time. europe will be delayed somewhat. so much depends upon what's going on in various economies and what their central banks are doing as well. let's keep in mind that for a good period of time, the federal reserve has acted as the effective central bank of much of the global economy, in part because the other central banks found themselves without the appropriate tools. but now that the bank of japan is stepping in, now that there are some signs that the ecb may be taking more stimulative action, that takes some pressure off the fed. but by and large, we think t
if you're expecting no recession, a broad economy that is improving slowly but surely, a global economy that you're expecting to see real growth pick up, i've got here, you're expecting global growth from 3% in 2012 to 3.2% in 2013, and then accelerate to 4.1% in 2014. if that's the case, when would the fed start pulling it in? >> well, the thing to keep in mind, maria, is that there's enormous disparity in that forecast. so, for example, we do believe that the chinese economy will see...
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Apr 22, 2013
04/13
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if you look close to these areas, it has good economy. however, many middle income citizens will not want to live there because it doesn't have the schools and the health care system to support it compared to shanghai. but after these temporary controls, i don't think the prices will continue to rise that fast. while the economy is growing about 7%, income rates are only at double digits. the problem is that china is very big and there are many second and third-tier cities where prices aren't rising as fast as shanghai and beijing. my concern is that price increaseses in those two cities can't be control, it will result in other price increases, as well, and that won't be a good thing. >> because of the increase in prices in china, we start to see a lot of developers move over to the united states. do you see that increasing in response? what are the opportunities right now? what's your view of that market? >> there are several reasons behind vanke's decision to invest in the u.s. firstly, globalization. while china is growing fast, the d
if you look close to these areas, it has good economy. however, many middle income citizens will not want to live there because it doesn't have the schools and the health care system to support it compared to shanghai. but after these temporary controls, i don't think the prices will continue to rise that fast. while the economy is growing about 7%, income rates are only at double digits. the problem is that china is very big and there are many second and third-tier cities where prices aren't...
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Apr 23, 2013
04/13
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today on the idea that things are so bad that the only thing they can do now is try to stimulate the economy. so that's a little concerning being in the bear suit. i didn't do anything. i'll give it a couple day does mature. >>ity tal ran rates are at record lows. on a credit perspective, people are thinking things are better than i think they are. >> we talked about the pmi numbers are not great either. i thought to me one of the themes we had at the end of last year are what stocks are going to catch up and do better in 2013 and defense names are what we talked about. and look at the report out of lockheed-martin. they beat by almost 30 cents, revenues much better as well. now the stock opened on the high, sifted down the rest of the day. but i think the move is still in tact. and that's going to be a theme later when hash tag and i go head to head. >> hash tag smooth is what he's referring to. >> right now the stock is trading sharply higher. it's 426 in the afterhours. juniper also down. down 6% right now. also on low coe q2 guidance. and revenues came in, in line. and in earnings bright
today on the idea that things are so bad that the only thing they can do now is try to stimulate the economy. so that's a little concerning being in the bear suit. i didn't do anything. i'll give it a couple day does mature. >>ity tal ran rates are at record lows. on a credit perspective, people are thinking things are better than i think they are. >> we talked about the pmi numbers are not great either. i thought to me one of the themes we had at the end of last year are what...
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Apr 24, 2013
04/13
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that's why we had so many problems with the economy. before we had open markets and entrepreneurship and that's what helped china succeed. we have to go back to market forces as well as fight corruption. >> and tomorrow ross will sit down exclusively a chairman who is called warren buffett of china and ross will be back here to tell you about it himself. >>> you can find why investors are helping to surge peugeot sales. [singing] hoveround takes me where i wanna go... where will it send me... one call to hoveround and you'll be singing too! pick up the phone and call hoveround, the premier power chair. hoveround makes it easier than any other power chair. hoveround is more maneuverable to get you through the tightest doors and hallways. more reliable. hoveround employees build your chair, deliver your chair, and will service your chair for as long as you own your chair. most importantly, 9 out of 10 people got their hoveround for little or no cost. call now for your free dvd and information kit. you don't really have to give up living,
that's why we had so many problems with the economy. before we had open markets and entrepreneurship and that's what helped china succeed. we have to go back to market forces as well as fight corruption. >> and tomorrow ross will sit down exclusively a chairman who is called warren buffett of china and ross will be back here to tell you about it himself. >>> you can find why investors are helping to surge peugeot sales. [singing] hoveround takes me where i wanna go... where will...
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Apr 22, 2013
04/13
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i always want the economy to perform better. i want us to be able to measure a bigger economy around, of cou, have that translate into the major area that all of the funnel of economic measurements flow towards, in my opinion, and that is the creation of new jobs and, hence, the creation of new taxpayers, new revenue base. that's the way it's supposed to work. now, i'm also a big fan of new technology. if we can do things better, we should. now we are at a cross roads where i have to admit i have some misgivings but, hey, technology aside, we're improving. there's going to be some significant changes to the way we calculate gdp starting in july which means the number we get about three months from today when we get our first look at second quarter gdp may be significantly bigger. now, i'd like to quote, and it's on cnbc.com today as well as in the financial times, something that was written by robin harding quoting one of the gentleman who sat the bur oh of economic analysis, brent moulton. here is what he said. we are carrying
i always want the economy to perform better. i want us to be able to measure a bigger economy around, of cou, have that translate into the major area that all of the funnel of economic measurements flow towards, in my opinion, and that is the creation of new jobs and, hence, the creation of new taxpayers, new revenue base. that's the way it's supposed to work. now, i'm also a big fan of new technology. if we can do things better, we should. now we are at a cross roads where i have to admit i...
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Apr 21, 2013
04/13
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it is an indication of -- of -- of a stronger economy. if somebody told me we would have a 5% correction i would say look at that as an opportunity to get into the market. >> which is basically what you just said, jonathan, right? >> yeah, i do think larry is perhaps a lit totle too optimis. cull pans are beating the quarter and missing revenue estimates. if you take out financials because of special, some things are specific to their sector, you really are seeing negative earnings growth not compared to prior quarter but a year ago. things are weak. domestic companies doing much better than companies with big global footprints. >> what are you expecting from the week ahead? more heavy earnings numbers coming out. brig group of companies. and the gdp end of the week. >> i think actually for the reason. a lot more chop in the market. a lot of two way action. company specific. i think we have to get a little bit of clarity on whether companies feel this is just a little rough patch. we are going to pick up on the back end. there is an inter
it is an indication of -- of -- of a stronger economy. if somebody told me we would have a 5% correction i would say look at that as an opportunity to get into the market. >> which is basically what you just said, jonathan, right? >> yeah, i do think larry is perhaps a lit totle too optimis. cull pans are beating the quarter and missing revenue estimates. if you take out financials because of special, some things are specific to their sector, you really are seeing negative earnings...
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Apr 18, 2013
04/13
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now, you couple that with what's the emerging market economies represent today in the world economies, which is a third, and it will be half the world economy in five years. >> and you can see this is a major theme. you guys have highlighted several companies from inbev to nestle that are ways to play it the.but i wonder, fen, even if you buy it long-term, wa do you do when you have a nestle market. >> nestle is a neutral rated stock at our fist. that's why nestle india is a accelerated stock. but the food producers in brazil, it's a buy rated stock and it's the way to play it. even on the fertilizer angle, we don't cover syngenta. we cover other companies that do fertilizers, the feeding and the agra technology, which is helpful to extract more from the existing land that has very little potential to grow. >> were there any other surprising ways you can play the theme without necessarily buying some of the foodmakers? >> for me, the most exciting opportunity here, and it's large and in size, the top ten producers sell roughly $40 billion. the top ten food retailers in the world sell
now, you couple that with what's the emerging market economies represent today in the world economies, which is a third, and it will be half the world economy in five years. >> and you can see this is a major theme. you guys have highlighted several companies from inbev to nestle that are ways to play it the.but i wonder, fen, even if you buy it long-term, wa do you do when you have a nestle market. >> nestle is a neutral rated stock at our fist. that's why nestle india is a...
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Apr 22, 2013
04/13
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this is the read on the global economy. there are certain stocks that people keep buying because they keep working and working? this is the fab three. all of them are at historic highs. i tell you, they can do no wrong. >> that's the thing about momentum. one day there will be no more momentum. >> for your consideration, three pieces of information. according to rueteres, 62.3% of companies have reported earnings above expectations. which means you can mess around with earnings. you can't mess around with sales. >> what the point here is when you start seeing a flattening of sales, people don't want to care until they want to. net impact, which we never talked about. up -- down 1%. you have got finally ask the question what's really going on with the business? these businesses are just flat lining. >> any sectors in glaring situations where they are missing on the revenue? >> i haven't seen the trend here. i haven't done a break down but i will tell you we are starting to see this and it's what you have got to watch. what a
this is the read on the global economy. there are certain stocks that people keep buying because they keep working and working? this is the fab three. all of them are at historic highs. i tell you, they can do no wrong. >> that's the thing about momentum. one day there will be no more momentum. >> for your consideration, three pieces of information. according to rueteres, 62.3% of companies have reported earnings above expectations. which means you can mess around with earnings. you...
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Apr 16, 2013
04/13
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of course we see the chinese economy looking iffy lately. we'll look to see how confident they feel about that. >> let's finally turn to dell, a deal that icahn has doone. he says he will limit half his stake at 10%. in return he'll get information that management says will maximize the chances of elitting a superior proposal. john karney, a good idea on behalf of the incumbents? >> look, i have to say wouldn't it be fansic to be carl icahn. wouldn't it be please don't spend more money and we'll give you better access? he's win in a deal, and he's won in this one. sure, i'll keep more of my cash to myself, and you let me in and look at my books. that's an amazing deal. >> jon? >> he does a great job figuring out situations, where he pretty much can't lose. i've got to say the latest pc numbers, we're likely to see from intel actually strengthened michael dell's hand. >> thank you very much for that bumper edition of rundown. >>> we have it's not where we were, we're only up 124 points, but at this stage we'll take it the the winners next on
of course we see the chinese economy looking iffy lately. we'll look to see how confident they feel about that. >> let's finally turn to dell, a deal that icahn has doone. he says he will limit half his stake at 10%. in return he'll get information that management says will maximize the chances of elitting a superior proposal. john karney, a good idea on behalf of the incumbents? >> look, i have to say wouldn't it be fansic to be carl icahn. wouldn't it be please don't spend more...
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Apr 16, 2013
04/13
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people don't believe the economy will be as bad as others. >> i think the economy may not be as bad as people think and there's no other place to go. >> what's the mood there? it's still early. you have to be getting your thoughts in early as you walk in the cme this morning. >> many people anticipated somewhat of a rebound. clearly you thought gold was going to see some sort of bounce here. it's a very risky asset at this point. it's not ae haven. the first thing we looked at off this news is how the dollar traded. and you saw strength against the euro. most being stirling. you are start as more astute investors are looking a little bit more because they anticipate the slope where it's at. the biggest news of the day was the economic news out of china. there is going to be a slowdown that moves from europe into china. that is starting to look like that's the case. >> although we got bad numbers out of germany and the market didn't really really significantly to that. >> it didn't. that's not surprising. one of the things about germany we're starting to look at is the periphery around
people don't believe the economy will be as bad as others. >> i think the economy may not be as bad as people think and there's no other place to go. >> what's the mood there? it's still early. you have to be getting your thoughts in early as you walk in the cme this morning. >> many people anticipated somewhat of a rebound. clearly you thought gold was going to see some sort of bounce here. it's a very risky asset at this point. it's not ae haven. the first thing we looked at...
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Apr 23, 2013
04/13
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they will do whatever they can to save their economy. a level that would make our federal reserve look like amateurs. i'm saying it's going to work. it's written on cnbc. nikkei has been soaring. 10,000 intended to be a floor for the nikkei. >> i have to tell you, it has impact elsewhere as well. today you have the german 10-year hitting a new low. the italian 120-year hitting a low. they're saying a lot of japanese nationals looking to buy bonds. so it's having an impact on the world, which is pretty positive. >> why not introduce you. >> sure. >> tom is the ceo of kbw. and chief of business insider. they're guest hosts. tom, you bring in really interesting points tell us what's been happening through earnings season. is business improving? >> so the good news is banks have been hitting their estimates. we have a quarter of the industry report. a few more coming out today. it's really all about the outlook. the outlook is getting a little more revenue perspective. we need the economy to help. the banks recovered from the crisis. near ze
they will do whatever they can to save their economy. a level that would make our federal reserve look like amateurs. i'm saying it's going to work. it's written on cnbc. nikkei has been soaring. 10,000 intended to be a floor for the nikkei. >> i have to tell you, it has impact elsewhere as well. today you have the german 10-year hitting a new low. the italian 120-year hitting a low. they're saying a lot of japanese nationals looking to buy bonds. so it's having an impact on the world,...
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Apr 16, 2013
04/13
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it's keeping the economy going, because the economy isself is experiencing anemic growth, but they're not looking at the negatives or glass half empty argument. that's as insurance, that's against a future inflation risk or uncertainty. the degree of liquidity we've created creates an inflation risk at some point. i can't tell you when. pressures in the immediatet term. they're out there. and i think investors have not focus the on that enough. equities, as long as corporate earnings hold up are a good place to be. yields are strong and the s&p -- >> michael, will worpt earnings hold up? that's the key. >> that's the $64,000 question. you know, you have concerns about slowing worldwide economic growth. you have concerns about u.s. growth. i mean, look at the latest gdp numbers. look at unemployment. so if growth slows in the united states or goes into recession, if the worldwide economy does continue to slow down, then corporate earnings will have a much harder time keeping up. that's what's keeping the foundation of stocks right now. so investors looking for stocks or yield or safe h
it's keeping the economy going, because the economy isself is experiencing anemic growth, but they're not looking at the negatives or glass half empty argument. that's as insurance, that's against a future inflation risk or uncertainty. the degree of liquidity we've created creates an inflation risk at some point. i can't tell you when. pressures in the immediatet term. they're out there. and i think investors have not focus the on that enough. equities, as long as corporate earnings hold up...
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Apr 24, 2013
04/13
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the economy is doing better. companies will do better? >> i wouldn't say you move out because the economy's in that much of a better position. i don't think that's the case. but i'd move out because there's too much optimism. there's been too much money put to work in the defensive names. take utilities. another defensive sector. historically, the sector traded at 25% discount to the market. that made sense. it was regulated, it was a slow grower. today u.s. utility company traded an 8% premium. that's a lot to pay for an income stream and for safety. i think there are better places to get that income and maybe take a little bit more risk, but at a better valuation. >> what would you do with apple today since it's in the news? >> you know, i've got no strong view on apple, but generally, i think we like technology companies, it's one of the parts of the market that has underperformed. looks cheap relative to the history. i'd rather be buying tech companies at this point than consumer staple companies. >> you think bonds at some point just
the economy is doing better. companies will do better? >> i wouldn't say you move out because the economy's in that much of a better position. i don't think that's the case. but i'd move out because there's too much optimism. there's been too much money put to work in the defensive names. take utilities. another defensive sector. historically, the sector traded at 25% discount to the market. that made sense. it was regulated, it was a slow grower. today u.s. utility company traded an 8%...
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Apr 17, 2013
04/13
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his take on the state of the economy. it's a busy day. you have heard the news here. let's hope that the reports are true. it's something that all of america can get behind. we have seen the scares today. we have seen the bombing and terror in boston. is there an economic reaction to events such as this? >> there was after 911 when investors tried to discount the real possibility of a significant further attack. certainly this is startling to people on different levels. i think certainly it will calm nerves. the market went up a little bit and maybe it's because of that. the markets have to have some risk for this sort of risk. it's the world we live in. >> we have to leave it there. we do apologize. this is an extraordinary day. we want to go back to what we are saying. an arrest has been made. i do want to go straight back to you and tell us what more we are learning on this. >> mandy, we have just that. and again let me stress this has not been confirmed but the ap is reporting that there has been arrest. we do have a crew in federal court and we are monitoring tha
his take on the state of the economy. it's a busy day. you have heard the news here. let's hope that the reports are true. it's something that all of america can get behind. we have seen the scares today. we have seen the bombing and terror in boston. is there an economic reaction to events such as this? >> there was after 911 when investors tried to discount the real possibility of a significant further attack. certainly this is startling to people on different levels. i think certainly...
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Apr 17, 2013
04/13
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in economics, and the way copper goes is the way the global economy goes. copper's purely an indication of oversupply in the channel. that's true of iron ore, true of the other metals, as well as china slowing. so obviously, when any company slows, when any commodity slows, you've got to look at supply/demands. >> -- perfect indicator. >> it's only one. >> yeah, but copper used to be in tight demand until recently. >> but don't -- every commodity. look at the -- >> i'm not -- i've been negative. i've been short with metals. short iron ore -- >> right. the point is that goes right to the fundamental question of this market, is that is it oversupply? the commodity route we've seen, is it oversupply? if it is, that's great for the -- >> dr. j, any insights for options, what's going on? >> i think he mailed it in terms of the markets. when you have margin calls being made, and clearly they were being made, and people being in forced liquidation mode, just as jim cramer says, when that happens, they're not asking questions. they're telling you what you're going
in economics, and the way copper goes is the way the global economy goes. copper's purely an indication of oversupply in the channel. that's true of iron ore, true of the other metals, as well as china slowing. so obviously, when any company slows, when any commodity slows, you've got to look at supply/demands. >> -- perfect indicator. >> it's only one. >> yeah, but copper used to be in tight demand until recently. >> but don't -- every commodity. look at the -- >>...
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Apr 18, 2013
04/13
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its decline does not mean the economy is going back into recession. there's some people that believe that, but we're still the plow horse economy. that's the phrase we've used. it's not a race horse. it's a plow horse. it's still a horse. it's still growing, but our -- our economy, those productivity-enhancing technologies that we just talked about, they are fighting against the headwinds of a big government and regulation and obama care. that's really what is in a nutshell what's happening in the economy. these commodities, they are going to move up and down over time. i wouldn't read too much into them. i think inflation is going to pick up, but it's not going to be hyper inflation, which is what many people believe. >> we're bringing back jackie d'angelis who thought she was done for the evening, but we're going to put her back to work because i wanted to talk to you about technology in particular, and the fall in apple and the fact that everybody is saying that the technology market per se is really going to struggle without the leadership of a. d
its decline does not mean the economy is going back into recession. there's some people that believe that, but we're still the plow horse economy. that's the phrase we've used. it's not a race horse. it's a plow horse. it's still a horse. it's still growing, but our -- our economy, those productivity-enhancing technologies that we just talked about, they are fighting against the headwinds of a big government and regulation and obama care. that's really what is in a nutshell what's happening in...
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Apr 16, 2013
04/13
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it's an indication of a stronger economy. it's an indication of corporations, you know, managing their expense properly. so it does validate my long-term view, but if somebody told me we were going to have 5% correction, i would say, look at that as an opportunity to get into the market. >> i mean, you've got, you know, nearly $4 trillion in assets more than the federal reserve. what can you tell us in terms of what clients are doing right now? are you continuing to see the buy on the dip mentality? do they take advantage of the pullback every time we see this market go lower? >> well, i think what we've seen from the beginning of the year, clients are putting cash to work. we are seeing, we had $34 billion of inflows, which was a record quarter for us, in equities, and most of that money came from cash, so we did not see a rotation from bonds to equities, but we saw a persistent demand for equities. in fact, even yesterday we had another institutional client come for another $1.5 billion in equities. now, i don't think it wa
it's an indication of a stronger economy. it's an indication of corporations, you know, managing their expense properly. so it does validate my long-term view, but if somebody told me we were going to have 5% correction, i would say, look at that as an opportunity to get into the market. >> i mean, you've got, you know, nearly $4 trillion in assets more than the federal reserve. what can you tell us in terms of what clients are doing right now? are you continuing to see the buy on the dip...
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Apr 16, 2013
04/13
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so not just the entire economy grows, but the economy grows per capita basis. >> i believe -- >> biggest single competitive advantage in the global debate, we have access to the best and brightersest workers in the world. huge advantage against china, japan, anywhere in the nation. >> 3 to 1 makes it hard for the unemployed american to have a chance. >> all i know, the american labor force is not growing and if the labor force assistant grow, the economy can't grow. steve moore, roy beck, thanks very much. now to the stock rally today. dow jumped 150 points. question, though. will the shock of the boston bombing and the deep plunge in gold lead to a long-awaited market correction? i don't necessarily believe that, but i've got to ask that question, and we will discuss it up next on kudlow. join us at projectluna.com [ male announcer ] this is george. the day building a play set begins with a surprise twinge of back pain... and a choice. take up to 4 advil in a day or 2 aleve for all day relief. [ male announcer ] that's handy. ♪ omnipotent of opportunity. you know how to mix business..
so not just the entire economy grows, but the economy grows per capita basis. >> i believe -- >> biggest single competitive advantage in the global debate, we have access to the best and brightersest workers in the world. huge advantage against china, japan, anywhere in the nation. >> 3 to 1 makes it hard for the unemployed american to have a chance. >> all i know, the american labor force is not growing and if the labor force assistant grow, the economy can't grow....
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Apr 18, 2013
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they want more from the fed, because the economy is weakening, or they want the economy to rebound and nothing's happening and we jump around all over the place. >> warren, what do you think? you've been constructive on this market all through the first quarter. you felt like there was more to go here. but do you feel like the psychology is changing with the volatility that we've seen this week? >> i'll tell you, this week has been a little bit troubling, and i have been pretty bullish up until this point. when you tend to see days like this, where the day after day, up and down bid on the dow, 100-plus point move on any given day, that's a sign that this market is truly struggling. >> are you rethinking your bullish position, at least for the short-term? >> a little bit. i think the thing that's probably sways me the most is the economic data we've been seeing out of the united states in the last week to ten days in particular, maybe the last couple of weeks has been a little bit weaker than the trend going into that. and that's a little troubling to me. >> all that nervousness in the
they want more from the fed, because the economy is weakening, or they want the economy to rebound and nothing's happening and we jump around all over the place. >> warren, what do you think? you've been constructive on this market all through the first quarter. you felt like there was more to go here. but do you feel like the psychology is changing with the volatility that we've seen this week? >> i'll tell you, this week has been a little bit troubling, and i have been pretty...
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Apr 18, 2013
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the fed says, we absolutely need them to keep the economy going, and you need a stronger economy for your business. at the same time, your numbers show that with interest rates so low, it's really hard for you guys to make money in this environment. how do you feel about that? it's a double-edged sword, right? >> yeah, michelle, it is. so we actually make more money when rates are higher, so we'd like to see rates higher, particularly, a positive-sloping yield curve. you know, the fed has a strong view in consensus that rates need to stay low. i'm not generally in that camp. i think the early stages of qe were probably good. i think it's very debatable now whether it's doing any good or not. i personally think the economy trying to find its own natural structural, level of stabilization, and it's going to do that at its own pace, with or without qe. a lot of people disagree with that. but i think it's about confidence, not about how much qe we have. >> mr. king, appreciate your time, sir. thanks for joining us today. >> thank you very much. have a good day. >> great to have you on. >
the fed says, we absolutely need them to keep the economy going, and you need a stronger economy for your business. at the same time, your numbers show that with interest rates so low, it's really hard for you guys to make money in this environment. how do you feel about that? it's a double-edged sword, right? >> yeah, michelle, it is. so we actually make more money when rates are higher, so we'd like to see rates higher, particularly, a positive-sloping yield curve. you know, the fed has...
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Apr 17, 2013
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this economy is getting better. i know the jobs number was horrendous, the gdp numbers are not that great. but realistically, you have central banks around the globe that are not going to let us go into an economic catastrophe. they will continue to pump money into the market. >> if you're willing to step into this market even more than you already have, how much of a decline are you willing to absorb in the meantime? >> 5%. this market would drop another 5%. and granted -- >> what if it does more than that? >> if it does, it does. and we'll re-evaluate. you will see an accelerated sell-off, though. this will happen very quickly. but realistically, though, if you look at the next two-thirds of this year, we're probably going to end up -- >> i agree, it's not alarming. we are back to where we were, about a week and a half ago in the stock market. we're about 3% below our highs. still, it is a little bit alarming that the stated aim of the federal reserve, to create some asset inflation isn't really working, at least
this economy is getting better. i know the jobs number was horrendous, the gdp numbers are not that great. but realistically, you have central banks around the globe that are not going to let us go into an economic catastrophe. they will continue to pump money into the market. >> if you're willing to step into this market even more than you already have, how much of a decline are you willing to absorb in the meantime? >> 5%. this market would drop another 5%. and granted -- >>...
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Apr 16, 2013
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growth story for the economy. with the federal reserve still firmly in place providing stimulus and this market in a stage of fear, i would have to that buy on the dip mentality rules the day. we certainly saw an example of that once again today. have a great night, everybody, thank you so much for being with me. i will see you on friday in washington tomorrow with axel weber. "fast money" begins right now. >>> live from the nasdaq market site in new york city's time square, i'm melissa lee. here's what "fast" is following tonight, yahoo and intel start their conference calls this hour. monitoring them for their quarterly results and trading it. fool's gold, the precious metal closing higher after falling 14% in the prior two sessions. is this a sign of a bottom? we get answers from the commodities king himself. and land grab, why the rising housing stocks may be deceiving investors. a real estate investor gives us her bearish take. our traders tonight, tim seymour, guy adami and mike khou at the options desk. tak
growth story for the economy. with the federal reserve still firmly in place providing stimulus and this market in a stage of fear, i would have to that buy on the dip mentality rules the day. we certainly saw an example of that once again today. have a great night, everybody, thank you so much for being with me. i will see you on friday in washington tomorrow with axel weber. "fast money" begins right now. >>> live from the nasdaq market site in new york city's time square,...
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Apr 24, 2013
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because the economy is lousy. i want to give the coos and cfos as much credit as they can. if they keep working their magic in the u.s. and abroad, i this i the stock cycle arrives. >> don't they have to deploy that capital investment to put them back to work to lower the unemployment rate in order to keep the cycle going. >> they will. >> over the long term, revenue has to grow in order -- >> they will grow. i'm not saying that i won't grow. >> that's why it's important. >> earnings, you want to know shareholder value, look at profits. you want to know how business is faring. look at profits. >> short term, not long term. >> by the way, profits are a turning point profits turn up before revenues turn up. profits will turn down before revenues go down. profits are a leading indicator of the stockmarket. anyway, carole roth, good fun, great stuff. now, tomorrow, tomorrow, a big day in dallas. get this. jochlt w. bush presidential library will have its grand opening, what other time to have the debate in the recent
because the economy is lousy. i want to give the coos and cfos as much credit as they can. if they keep working their magic in the u.s. and abroad, i this i the stock cycle arrives. >> don't they have to deploy that capital investment to put them back to work to lower the unemployment rate in order to keep the cycle going. >> they will. >> over the long term, revenue has to grow in order -- >> they will grow. i'm not saying that i won't grow. >> that's why it's...
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Apr 16, 2013
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and in this rubric, the economy is directly related to a lack of demand and it is not stopping here. finally a third possibility, and one is distinctly probable and nonetheless allude you at home. and did they borrow too much money and foreclosed on to come up with the capital on the margin loans and i call it the mechanical trades and this is the trades sold mek chanically d the managers with the funds who have borrowed too much money from the brokers and here the deal, you have bought a ton of stocks and commodities with borrowed money, and they have put up more collateral and send in cash now. as a former fund manager, i have to tell you that most of the managers have a call like that don't have anymore cash, and they can't go to the investor and say, hey, why wire me milli millions of bucks because i borrowed too much. no en ves or the is going to throw good after bad and some tof the margin clerks sell out the positions of the near dewell money managers, and they can do that, because you borrowed money from them. they take control of your stocks and commodity position and sell t
and in this rubric, the economy is directly related to a lack of demand and it is not stopping here. finally a third possibility, and one is distinctly probable and nonetheless allude you at home. and did they borrow too much money and foreclosed on to come up with the capital on the margin loans and i call it the mechanical trades and this is the trades sold mek chanically d the managers with the funds who have borrowed too much money from the brokers and here the deal, you have bought a ton...
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Apr 23, 2013
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it has a lag effect on the economy. it has to work into the economy before we consider it as a lagger of stocks. stocks and crude move together. stocks have the fed behind it 57bd b crude is feeling the effects of the global slow down. sometimes very slow to negative growth here is fine. the fed comes back. i don't think it means much. as for crude i'm slightly negative. over a long-term scale the low 80s seems to be support. i'm less negative than a couple of weeks ago. >> what do you think? is oil slide good or bad news for stocks? vote on futuresnow.cnbc.com. that's where you will find the online show where today we'll have the one and only ron paul, the outspoken former congressman. he's a gold bug and he'll tell us why he's sticking with the yellow metal and isn't worried about the slide. make it a date. see you there. >> indeed. up next, what day for netflix. sharing exploding after earnings impressed the street. is now the time to get short? we'll have a netflix show down. coming up, top analysts join us and stat
it has a lag effect on the economy. it has to work into the economy before we consider it as a lagger of stocks. stocks and crude move together. stocks have the fed behind it 57bd b crude is feeling the effects of the global slow down. sometimes very slow to negative growth here is fine. the fed comes back. i don't think it means much. as for crude i'm slightly negative. over a long-term scale the low 80s seems to be support. i'm less negative than a couple of weeks ago. >> what do you...
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Apr 16, 2013
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and perhaps the economy had been growing too hot. and the fed was raising rates. perhaps the monthly employment numbers showed a sudden reduction as we saw in the late summer of 2007, which ushered in the great recession. maybe there is a shocking shutdown in retail sales. now, i'm not saying that every single selloff plays out like this, but the vast majority of them actually really do. of course, lately we have a new element. we are all one world these days and a slow down in china is now greeted as more of a threat to our stock market than an actually slow down here in the united states. crazy. but it's true. when you get these kind of jitters, which include the requisite collapse in commodities like oil and copper and the markets sell, sell, sell, can't be combatted overnight because it's so horrendous, it does kind of paralyze things. but here's what happens. certain sectors stabilize a lot faster than others. particularly if there is news that's positive for stocks in those sectors. typically, the first stocks that try to get their footing after a slow down
and perhaps the economy had been growing too hot. and the fed was raising rates. perhaps the monthly employment numbers showed a sudden reduction as we saw in the late summer of 2007, which ushered in the great recession. maybe there is a shocking shutdown in retail sales. now, i'm not saying that every single selloff plays out like this, but the vast majority of them actually really do. of course, lately we have a new element. we are all one world these days and a slow down in china is now...
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Apr 17, 2013
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that's been the concern, did the economy slow a lot at the end of the quarter. and we think there's some evidence it didn't. >> what do you say to people who say, look at gold, look at these commodities, there is a fear of deflation and they think it's quite possible based on what's happening. >> i would very clearly differentiate gold from commodities. we think the fact that gold's come down is evidence that people think that quantitative easing is actually going to start to be pared back. the commodity trade is a little bit more disconcerting, because it is a better reflection on the growth prospects. i think the odds of deflation happening are very flow. the fed will keep printing more reserves if they need to. >> you're a global guy, who do you like best, the u.s., japan? any of these countries that are so aggressive with their monetary policies. >> and that's who's done the best and who we would continue to favor, the structurally sound economies, that's the united states, that's the emerging world, at the expense of europe and japan. >> we're the most stru
that's been the concern, did the economy slow a lot at the end of the quarter. and we think there's some evidence it didn't. >> what do you say to people who say, look at gold, look at these commodities, there is a fear of deflation and they think it's quite possible based on what's happening. >> i would very clearly differentiate gold from commodities. we think the fact that gold's come down is evidence that people think that quantitative easing is actually going to start to be...
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Apr 22, 2013
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is it the slowdown in the global economy? >> yeah. that's why you want to watch these multi industry companies. it's nerdy to talk about ingersoll rand. but they make the stuff out there behind the walls. they make all the things that keep these buildings going and systems operating. when they talk about things slowing, we don't know if they're going to, but we've heard about slowdowns globally. that's where you're going to see it first. >> ingersoll rand is also going to sidestep on the housing recovery. that could be a positive. >> a little bit. you're going to tear them talking about where things are overseas. what's good about these companies, a lot of earnings are overseas. >> global story then the consumer. coach out tomorrow. >> north america's the key. >> coach had an issue last quarter. >> the problem is north america. i think their sales growth was something on the order of 1% for them. that's going to be a problem. they also got a lot of -- of course, they're in the accessories business. there's a lot of competition there.
is it the slowdown in the global economy? >> yeah. that's why you want to watch these multi industry companies. it's nerdy to talk about ingersoll rand. but they make the stuff out there behind the walls. they make all the things that keep these buildings going and systems operating. when they talk about things slowing, we don't know if they're going to, but we've heard about slowdowns globally. that's where you're going to see it first. >> ingersoll rand is also going to sidestep...
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Apr 16, 2013
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particularly with this anemic growth story for the economy. with the federal reserve still firmly in place providing stimulus and this market in a stage of fear, i would have to that buy on the dip mentality rules the day. we certainly saw an example of that once again today. have a great night, everybody, thank you so much for being with me. i will see you on friday in washington tomorrow with axel weber. "fast money" begins right now. >>> live from the nasdaq market site in new york city's time square, i'm melissa lee. here's what "fast" is following tonight, yahoo and intel start their conference calls this hour. monitoring them for their quarterly results and trading it. fool's gold, the precious metal closing higher after falling 14% in the prior two sessions. is this a sign of a bottom? we get answers from the commodities king himself. and land grab, why the rising housing stocks may be deceiving
particularly with this anemic growth story for the economy. with the federal reserve still firmly in place providing stimulus and this market in a stage of fear, i would have to that buy on the dip mentality rules the day. we certainly saw an example of that once again today. have a great night, everybody, thank you so much for being with me. i will see you on friday in washington tomorrow with axel weber. "fast money" begins right now. >>> live from the nasdaq market site in...
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Apr 17, 2013
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we're in a slow economy. the slower the economy, the bigger the credit book and bigger the share buybacks have in driving stock prices higher over time. >> you're calling this voodoo. there's a powerful force between buybacks and money from pension funds will continue and that's why as you indicated earlier looking at the sell-off in gold and what it has done to takeout equities and say if anything it's a buying opportunity. >> it is voodoo finance driven by financial engineering. that will drive stock prices higher over th years because we're in a credit boom. credit booms always end and they end badly. they probably won't end for two to five years and that's longer than most analysts think this cycle is going to last. it's going to drag stock prices up but if you're a long-term investor, you can't own stocks. you can only rent them. >> does that mean it ends badly for china here too. we've seen so much focus in the news today on the local government debt levels. any way they avoid a similar crash outcome? >
we're in a slow economy. the slower the economy, the bigger the credit book and bigger the share buybacks have in driving stock prices higher over time. >> you're calling this voodoo. there's a powerful force between buybacks and money from pension funds will continue and that's why as you indicated earlier looking at the sell-off in gold and what it has done to takeout equities and say if anything it's a buying opportunity. >> it is voodoo finance driven by financial engineering....
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Apr 18, 2013
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. >> hey, melissa, yeah, this deal has been getting bigger and bigger, you would think with this economy being at risk, it would be an odd time for a theme park company to go public, that's what's happening. you saw kayla break the details there. it is going to price at $27. now here's what's changed. 26 million shares offered, 10 million being offered by seaworld and 16 million from blackstone. they bought four years ago from anheuser-busch. this morning in the filing increased the number of shares it planned to sell from 10 million to 16 million. also, as she reported, 3.9 million in overallotment going to be sold. that was upped from 3 million to 3.9. there's 15 million more shares being held in reserve for a potential future offering, and now based on this, after the ipo, blackstone will still own -- it's going to be now about 63% of the company. now, under blackstone management, sea world has become profitable again. the net income quadrupled last year. the average customer spends over $58 each, that's nearly a 4% increase. risks a lot of debt. quote, we are highly leveraged. nearly
. >> hey, melissa, yeah, this deal has been getting bigger and bigger, you would think with this economy being at risk, it would be an odd time for a theme park company to go public, that's what's happening. you saw kayla break the details there. it is going to price at $27. now here's what's changed. 26 million shares offered, 10 million being offered by seaworld and 16 million from blackstone. they bought four years ago from anheuser-busch. this morning in the filing increased the...
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Apr 17, 2013
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i think that's going to be a positive in the economy. so you have to look at the bright side of some of these things. but you're right, it's impossible to separate the emotional from the economic. and we have both going on. a tragedy occurred. it's hard to separate both. >> emotion plays a big role in the stock market. art, thank you very much. we'll resume our coverage of the boston marathon bombing investigation when the kudlow report comes right back. maxwell is not. he's on geico.com setting up an appointment with an adjuster. ted is now on hold with his insurance company. maxwell is not and just confirmed a 5:30 time for tuesday. ted, is still waiting. yes! maxwell is out and about... with ted's now ex-girlfriend. wheeeee! whoo! later ted! online claims appointments. just a click away on geico.com. arrival. with hertz gold plus rewards, you skip the counters, the lines, and the paperwork. zap. it's our fastest and easiest way to get you into your car. it's just another way you'll be traveling at the speed of hertz. join us at projec
i think that's going to be a positive in the economy. so you have to look at the bright side of some of these things. but you're right, it's impossible to separate the emotional from the economic. and we have both going on. a tragedy occurred. it's hard to separate both. >> emotion plays a big role in the stock market. art, thank you very much. we'll resume our coverage of the boston marathon bombing investigation when the kudlow report comes right back. maxwell is not. he's on geico.com...
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Apr 23, 2013
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french economy is in. now, the german survey responses say the economies were worried about the impact prices. in france, they're much more domestically focused with some suggestions that things couldn't get any worse. >> well, the domestic situation is already a known negative. just to recap for viewers, as well, the composite, which includes both the services and is manufacturing, pmi came in at 46.5 in april for the eurozone. that was just ever so slightly above the 46.4 estimate and manufacturing came in 46.5. the services figure was 46.6. but, again, it's some of the weakness in the core economy of germany that's catching the market's attention this morning. the euro weaker, the xetra dax off by about 0.2%. we're going to get some uk data out at 9:30. also coming up on the show, the how companies are battling to take a foothold in the alternative energy market in china. then at 11:10, we'll be joined by jim o'neill as he nears the end of his tenure at goldman sachs. we'll get his best and worst invest
french economy is in. now, the german survey responses say the economies were worried about the impact prices. in france, they're much more domestically focused with some suggestions that things couldn't get any worse. >> well, the domestic situation is already a known negative. just to recap for viewers, as well, the composite, which includes both the services and is manufacturing, pmi came in at 46.5 in april for the eurozone. that was just ever so slightly above the 46.4 estimate and...
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Apr 17, 2013
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and all because housing punches above its weight in terms of the economy. earnings season is in full swing, which gives us a lot to look forward to. wondering how you should guard against these ups and downs? that's right. you do diversification. so let's get to the wednesday game that everybody loves and play "am i diversified?" this is where you call me, give me your top five holdings i tell you if your portfolio's diversified enough, maybe you need to mix it up a little. why don't we start with a tweet, frankly? this is a tweet @kyleshoren. "fave segment is am i diversified? facebook, waste management, pinnacle foods, chicago bridge and iron, and occidental. am i diversified?" so these are all names that my charitable trust owns. stephanie link, co-portfolio manager with me. can you believe this? here's someone who clearly takes the service. facebook, that's called technology. pinnacle, that's duncan hines. waste management is just a terrific, terrific company that produces more energy with methane gas from landfills than solar does. oxy petroleum, a goo
and all because housing punches above its weight in terms of the economy. earnings season is in full swing, which gives us a lot to look forward to. wondering how you should guard against these ups and downs? that's right. you do diversification. so let's get to the wednesday game that everybody loves and play "am i diversified?" this is where you call me, give me your top five holdings i tell you if your portfolio's diversified enough, maybe you need to mix it up a little. why don't...
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Apr 24, 2013
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mcdonald's is the economy and then there's this whole other economy which is what bernanke is stuck with, but one of the big themes in the at&t call, where the heck is it? >> we'll talk about that. >> new business formation and the key to the enterprise business at at&t again. we'll go over the results shortly from the company and watch that stock and see how it's doing. if my systems were working i would give you a quote, but they're not. that is an important component and people do listen to at&t call in part to get a macro sense of what's happening. not great. >> let's go to your pc because one of the takeaways from apple and i'll defend that at a certain point which was a washout was how can you be with dell? how can you want to buy dell given the fact that pc sales for even apple weren't that good. >> 4 million macs or so? >> what is happening at dell if that's what apple is doing in pcs? >> we don't know. we will find out. dell's going to report a quarter and it's still a public company with only one better out there. we didn't get a chance to talk at all on friday and that's a som
mcdonald's is the economy and then there's this whole other economy which is what bernanke is stuck with, but one of the big themes in the at&t call, where the heck is it? >> we'll talk about that. >> new business formation and the key to the enterprise business at at&t again. we'll go over the results shortly from the company and watch that stock and see how it's doing. if my systems were working i would give you a quote, but they're not. that is an important component and...
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Apr 16, 2013
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how strong is the economy relative to the eurozone? and when we get data like this, it makes things sticky, certainly not going to spell relief from consumers. >> i think the uk picture is similar to the european picture in terms of growth, but with a little bit of extra growth. and, you know, as far as the bigger picture sort of is concerned, that isn't sufficiently differentiated compared to what you're seeing in the u.s. or asia. i think for the foreign exchange market, it's more a question of policy action. and now, because we're in this limbo, that leaves sterling a little bit of limbo. >> meanwhile, the treasury there is targeting sales of 4 to 5 billion sales in six-month and is 1-month t bills. yes, same with italian yields, as well, michael. are we now at the low point in the cycle for spanish and italian yields? who is going to drive them lower from here and why would you? >> i think the market has seen a lot of liquidity expansion. first from the fed and then lastly from the bank of japan. and combined with the renewed commi
how strong is the economy relative to the eurozone? and when we get data like this, it makes things sticky, certainly not going to spell relief from consumers. >> i think the uk picture is similar to the european picture in terms of growth, but with a little bit of extra growth. and, you know, as far as the bigger picture sort of is concerned, that isn't sufficiently differentiated compared to what you're seeing in the u.s. or asia. i think for the foreign exchange market, it's more a...
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Apr 23, 2013
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whether it's the fed or the economy or both. i don't know. i've got to -- our producer is screaming at me. abigail dolittle larry mcdonald and seema mody. lingering questions about the boston terror bombing. what law enforcement can do to stop future attacks. former attorney general alberto gonzalez is our next guest up on kudlow. oh, boy. [ groans ] ♪ ♪ [ engine revs ] ♪ [ engine revs ] if you've got it, you know how hard it can be to breathe and man, you know how that feels. copd includes emphysema and chronic bronchitis. spiriva is a once-daily inhaled copd maintenance treatment that helps open my obstructed airways for a full 24 hours. you know, spiriva helps me breathe easier. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva. discuss all medicines you take, even eye drops. stop taking spiriva and seek immediate medical help if your breathi
whether it's the fed or the economy or both. i don't know. i've got to -- our producer is screaming at me. abigail dolittle larry mcdonald and seema mody. lingering questions about the boston terror bombing. what law enforcement can do to stop future attacks. former attorney general alberto gonzalez is our next guest up on kudlow. oh, boy. [ groans ] ♪ ♪ [ engine revs ] ♪ [ engine revs ] if you've got it, you know how hard it can be to breathe and man, you know how that feels. copd...
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Apr 19, 2013
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which parts of the economy look attractive at the moment? there is a strong bias with orient energy, if i look at the large companies you can invest with. so it has a lot to do with our global growth. i think everything related to oil and energy, the current surplus is related to the oil price. the oil prices at the end are related to the growth and the demand from china. it's less the pure russian theme you can play. it's much more related for our belief in the scenario in terms of where growth is going. there, i think we believe that the end, while a lot of investors have been skeptical, still are skeptical, but we believe there is probably a higher risk not taking a risk and that's the thing where you have the opportunity. but at the end, if you look at the valuation, there, if you would take maybe one or two steps forward increasing productivity of the company, i mean, there are opportunities. you can actually shape. >> let's put your hedge fund hat on for a moment. it's been a difficult period for a lot of hedge funds. there's been a re
which parts of the economy look attractive at the moment? there is a strong bias with orient energy, if i look at the large companies you can invest with. so it has a lot to do with our global growth. i think everything related to oil and energy, the current surplus is related to the oil price. the oil prices at the end are related to the growth and the demand from china. it's less the pure russian theme you can play. it's much more related for our belief in the scenario in terms of where...
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Apr 17, 2013
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economy? >> no, i think it's the same slow growth we've been seeing basically for the last two years, becky. >> but there's not the spring swoon that some people have worried about. we've worried about that with the jobs numbers we've been getting recently. >> we're not seeing that in our movements on the railroad. >> wow. if you look at the rest of the year, you think it's going to continue to be chemicals, some of the biggest drivers? >> i think chemicals, i think later in the year as the new crop comes in, agricultural pick-up. we expect automotive to be strong throughout the year. so overall, we expect whatever gdp we will grow at a faster rate than that. >> all right. michael, congratulations on the earnings, and thank you very much for joining us. >> thank you. >>> and coming up, the first images of the bomb used in monday's terror attack in boston. the pieces could provide critical information in the investigation. we'll get an update from boston. remember that atlanta bombing was 1996.
economy? >> no, i think it's the same slow growth we've been seeing basically for the last two years, becky. >> but there's not the spring swoon that some people have worried about. we've worried about that with the jobs numbers we've been getting recently. >> we're not seeing that in our movements on the railroad. >> wow. if you look at the rest of the year, you think it's going to continue to be chemicals, some of the biggest drivers? >> i think chemicals, i...
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Apr 23, 2013
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talk about slowing global economy. if that is a real problem, we would have seen big industrials today. united technologies, johnson controls all lowering their numbers. they didn't. so all of these companies here reported today. all of them beat on the bottom line, they were light on the top line. that is a continuing problem. but most importantly, they beat on the bottom line. don't worry about the declines. united tech was at a historic high. they were a little cautious on the second quarter, but a little bit of relief. this is one of the reasons the market is holding up so well. let me summarize the good news on the big industrial names reported here. unchanged. moeb drop the 2013 numbers. big sigh of relief. revenues continue to be light. now there's pressure on them. they have to make sure they do well on the back half of the year. that's the problem for them right now. let's talk about other things moving here. airlines. how about what is going on with the airlines? look how well the numbers are doing. delta had
talk about slowing global economy. if that is a real problem, we would have seen big industrials today. united technologies, johnson controls all lowering their numbers. they didn't. so all of these companies here reported today. all of them beat on the bottom line, they were light on the top line. that is a continuing problem. but most importantly, they beat on the bottom line. don't worry about the declines. united tech was at a historic high. they were a little cautious on the second...
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Apr 17, 2013
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. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> last check on stocks, sandisk falling as well as the revenue side. so dr. j delving into the numbers. >> it was off worse. this is a little bit better than as bad as it got. it's a bit about what josh lipton was talking about. the quarter being light. full year is going to be okay. i think if you can get this one in the 52 range, melissa, that's a pretty good buy. it would be about $7 under the recent high. be patient. >> let's talk about another mover in the after-hours session. that is ebay. but weak guidance is dragging down shares in the after-hours session. collin gillis is a tech at bcg. he joins us on the fast line. you're saying forget about the current quarter guidance because they're sticking by the full year. why are you willing to look through this? >> when you look at ebay, right, if you get a chance to buy this on a pullback, you want to take advantage of it. because you've got a company that's got two businesses both of which are fi
. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> last check on stocks, sandisk falling as well as the revenue side. so dr. j delving into the numbers. >> it was off worse. this is a little bit better than as bad as it got. it's a bit about what josh lipton was talking about. the quarter being light. full year is going to be okay. i think if you can get this one in the 52 range, melissa, that's a...
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Apr 16, 2013
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that's a great tell of the real economy. boy, it's hard not to -- >> there's a lot going on regarding housing. we'll keep our eyes on the homebuilders. >> these people want to try to find a hole in the housing starts, good luck. this is a very big move and we're building far fewer homes than what are destroyed by fire and flood. a lot of people will live with their mother-in-laws. >> despite what we know about the price of building products, right? and the cost of contractors and electricians. >> and i think some of those costs again will come down. copper came down big, and aluminum bid. we'll take you to boston. we're expecting this to be the fbi in charge of the boston field office and deval patrick there and the u.s. attorney carmen ortiz. let's listen in. >> everyone, thank you for coming this morning. less than 24 hours after yesterday's act of terror we wanted to organize a briefing for you with the information that we have. the mayor is here, the members of our congressional delegation, all of the law enforcement lea
that's a great tell of the real economy. boy, it's hard not to -- >> there's a lot going on regarding housing. we'll keep our eyes on the homebuilders. >> these people want to try to find a hole in the housing starts, good luck. this is a very big move and we're building far fewer homes than what are destroyed by fire and flood. a lot of people will live with their mother-in-laws. >> despite what we know about the price of building products, right? and the cost of contractors...
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Apr 19, 2013
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we're an innovation economy mecca. and this may have made us a likely target for what happened at the boston marathon on monday. >> thank you very much for joining us. he is with boston globe, which has been putting out a lot of the information we have been following since monday. >> dow looks like it would open up 22 points. s&p up 8 points. nasdaq by 22 points. and a business story of notes and breaking news. dell's special committee is confirming it has received a notice from blackstone group. sit withdrawing from the bidding process. blackstone will not submit a definitive proposal to buy the company. they submitted an indication of interest for 25eu billion offer in march. a letter saying that it "found a significant number of issues that surfaced since we submitted our letter of proposal on march 22nd." specifically i should note an unprecedented 14% market decline, the steepest drop in history. they are now saying is inconsistent with management's own projections for growth. ♪ [ construction sounds ] ♪ [ wat
we're an innovation economy mecca. and this may have made us a likely target for what happened at the boston marathon on monday. >> thank you very much for joining us. he is with boston globe, which has been putting out a lot of the information we have been following since monday. >> dow looks like it would open up 22 points. s&p up 8 points. nasdaq by 22 points. and a business story of notes and breaking news. dell's special committee is confirming it has received a notice from...
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Apr 22, 2013
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but in the longer run, and actually having the third largest economy in the world, hopefully revive and become more dynamic, obviously it opens up a lot of opportunities in emerging markets. and one of the fastest-growing trading areas in the world has been asia alone. interasia trading. so it would be a welcome development if japan really kind of strengthens those trade ties. >> luis, thank you so much. >> thank you. >> luis soars for us. a quick trade, steph? >> we've owned mexico. they just lowered rates for the first time in a couple of years. we like brazil but they're not able to do as much aggressive monetary policy. there's been mixed sentiment from the government about what they're going to do. >>> coming up, not so fast, joe terranova. it is your turn in the hot seat to show us how to manage a losing trade. we're going to reveal the stock and tell you how to trade it now after an 8% drop. plus, you asked for it on twitter. we'll deliver four plays, four stocks. so you can make your next smart move. "halftime" is back right after this. >> welcome back. >> welcome back. want to
but in the longer run, and actually having the third largest economy in the world, hopefully revive and become more dynamic, obviously it opens up a lot of opportunities in emerging markets. and one of the fastest-growing trading areas in the world has been asia alone. interasia trading. so it would be a welcome development if japan really kind of strengthens those trade ties. >> luis, thank you so much. >> thank you. >> luis soars for us. a quick trade, steph? >> we've...
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Apr 18, 2013
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that is slowing the economy. later on the economy can accelerate. overall, it wasn't as bad as it looked in the fourth quarter. it wasn't as good as 3% to 4% if r the first quarter. i think it's good enough. >> wow. a lot of people would take that. you ian say -- i mean, talk about a silver linings playbook that the collapse in goal removes an impediment to hardball asset pricing. with you explain that? >> we have seen a lot of markets are very out of whack in recent years. that causes people to make strange investment decisions. also to cash accounts. still too much money sitting in cash accounts. but it doesn't tell me anything important by the global economy. it just tells me that one side show was that distraction for a lot of investors is ending here. so it's funneling money back in towards long-term inmentes in real estate, in business, in equities. that's where we want to see money invested. >> does that mean you take a gamble on the technology? we'll get results tonight or is this a general bulls market? is that the safest way to play it? >>
that is slowing the economy. later on the economy can accelerate. overall, it wasn't as bad as it looked in the fourth quarter. it wasn't as good as 3% to 4% if r the first quarter. i think it's good enough. >> wow. a lot of people would take that. you ian say -- i mean, talk about a silver linings playbook that the collapse in goal removes an impediment to hardball asset pricing. with you explain that? >> we have seen a lot of markets are very out of whack in recent years. that...
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Apr 18, 2013
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>> no, i don't. >> how much concern do you have for the economy? >> i've said for a year or more this looks like a low trend of about 2%. it still looks consistent with that. we have numbers that were positive, unexpectedly good, especially for consumer spending in the first couple of months. that seems to soften a little bit at the end of the quarter. still it looks like 2%. we are going to see swings around that. the longer we go around this trend the more it looks like the trend is 2% now. >> which is a dramatic decline. would you say potential of the economy's 2%? >> i'm thinking we're at about potential right now. first if you draw a line through history the potential is way, way above here. at the beginning of the expansion people expected us to go back to that previous trend line. but instead, we're forming a new trend line that's down below that and parallel. the growth rate is a little lower. labor force participation has tailed off significantly. it's hard at this point to define how much is sick cal and how much is broader trend. i think
>> no, i don't. >> how much concern do you have for the economy? >> i've said for a year or more this looks like a low trend of about 2%. it still looks consistent with that. we have numbers that were positive, unexpectedly good, especially for consumer spending in the first couple of months. that seems to soften a little bit at the end of the quarter. still it looks like 2%. we are going to see swings around that. the longer we go around this trend the more it looks like the...
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Apr 17, 2013
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. >> he does, and he believes -- he actually says the economy is not bad for their customer base as you might think. in an environment like this malone cease cheap money and the ability to lever up cash flow-producing businesses and he will keep doing that and liberty global will be leveled high. you get to some high levels in terms of how much debt versus how much cash flow you have. nonetheless, that's a strategy and that continues to be one. >> use it. use it. use it. >> everyone always talks about how they've got to go overseas and then they pay too much. here's a guy who is going in and he's not paying too much. he is down substantially and any time you ever listen to a conference call, it's, like, woe is me, and here's a guy that says i'm taking advantage of it and that means to me that there will be a bottom because he's too smart to bet against them. >> we'll meet coat-directors of a documentary on bernie madoff said to premiere at new york's tribeca film festival. the dow is down 108, reversing what we got yesterday. back in a minute. ♪ ♪ [ male announcer ] how do you engin
. >> he does, and he believes -- he actually says the economy is not bad for their customer base as you might think. in an environment like this malone cease cheap money and the ability to lever up cash flow-producing businesses and he will keep doing that and liberty global will be leveled high. you get to some high levels in terms of how much debt versus how much cash flow you have. nonetheless, that's a strategy and that continues to be one. >> use it. use it. use it. >>...